IDBI Direct Sub Broker / Franchise / Partner Review

IDBI Direct Sub Broker Program is one of the well known stock broking banking franchise in the country. Here in this article, we will do a detailed IDBI Direct Franchise Review along with in-depth analysis of IDBI Direct Sub Brokers Offers, IDBI Direct Revenue Sharing Model & other features of IDBI Direct Business Partner Program.

IDBI Direct is a part of the IDBI Group. IDBI Group entered into broking business in 1993. The broking business serves equity, currency, commodities, derivatives etc. It has base in more than 24 cities of the country. Let us now look into the franchise model that IDBI offers:

IDBI Direct Franchise Customer Ratings

IDBI Direct Franchise

Experience

2.70

Services

2.80

Products

2.90

Trading Platforms

2.70

Support

2.60

Revenue Sharing Model

3.00

Security Deposit

3.00

Offers

2.00

Market Share

1.90

Overall

2.62

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Type of IDBI Direct Franchise

Business Associate or Sub Broker

Online Remisier

Master Franchise

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IDBI Direct Business associate

This kind of partnership is offered to only an experienced candidate who has worked and served clients in financial market. Herein, the sub-brokers is required to enlarge the clientele and also serve the existing client base by assisting them in their trading/investing activities.

The sub-broker can deal in all the asset classes ranging from equity to derivatives, currency, commodities, IPOs, mutual funds etc.

IDBI Direct Online Remisier

This model is offered to the new-comers/freshers. It does not call for any specific experience in the relevant field. What is expected from an online remisier is linking of new customers with the IDBI Direct network. Thus, an Investment associate does not assist the clients in their trading/investing activities.

IDBI Direct Sub Broker Commission or Revenue Sharing Model

The revenue sharing ratio for a franchise and sub-broker ranges from 40% to 70%. This ratio is dependent on various factor just like other companies. However, there is one specific point in here – the ratio is also linked to security deposit that the candidate provides to IDBI direct.

For a remiser the ratio is 50:50 which is inline with the prevalent industry rates.

IDBI Direct Franchise Cost or Security Deposit Amount

For a sub-broker/franchise, the deposit ranges from 50,000 till 3 lacs. This depends upon case to case on parameters like the city of the sub-broker, the experience, the client base, the revenue projected etc. For a remmiser, the investment amount is only INR 5000.